Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has highlighted the urgent need to simplify and expedite business procedures, with a particular focus on customs, bonds, and VAT-related services. This move aims to enhance the country’s competitiveness in the global apparel market by saving time, reducing costs, and bolstering overall operational efficiency.
Hassan emphasized that by streamlining these vital services, the Ready-Made Garment (RMG) sector can significantly improve its productivity and profitability. He underscored the importance of a swift and straightforward approach to conducting business, which is crucial for maintaining a competitive edge on the international stage.
Addressing the opening ceremony of a three-month certificate course on customs, bonds, VAT, tax, and supply chain compliance, Hassan reiterated the significance of enhancing professionals’ comprehension of customs and VAT regulations. He stressed the importance of providing comprehensive training to industry personnel to ensure that they navigate these intricate aspects of the business landscape effectively.
The event, held in Dhaka, was organized collaboratively by the Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) and the Bangladesh Tax Training Institute (BTTI). The course’s primary objective is to equip professionals from the garment, accessories, and packaging industries with the expertise needed to navigate customs, bonds, VAT, and taxation services in strict adherence to legal stipulations.
Azizur Rahman, Commissioner of Customs Bond Commissionerate, North, Dhaka, and Md Moazzem Hossain Moti, President of BGAPMEA, also shared their insights during the event. Rahman and Moti both echoed the sentiment that optimized business procedures are pivotal for elevating Bangladesh’s stature as a textile and garment manufacturing hub.
Hassan expressed gratitude towards BGAPMEA for initiating this timely training program. He highlighted that this comprehensive course will empower industry professionals to seamlessly engage with customs, bonds, and VAT procedures, thereby minimizing unnecessary complications and delays caused by non-compliance.
As Bangladesh’s RMG sector continues to play a vital role in its economy, Hassan’s call for efficiency enhancement in crucial business operations stands as a testament to the industry’s commitment to remaining a dynamic and competitive global force.
